Liberty Latin America Ltd 8-K, filed Oct 1, 2020
Liberty Latin America Ltd. (LILA)
8-K
2020-10-01
For: 2020-10-01
View Original
Added on
April 04, 2026
About this 8-K
Liberty Latin America Ltd filed this 8-K on October 1, 2020.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): October 1, 2020
(Exact Name of Registrant as Specified in Charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification #) | ||||||||||||
(Address of Principal Executive Office)
(303 ) 925-6000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbols | Name of Each Exchange on Which Registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 7.01 Regulation FD Disclosure
On October 1, 2020, Liberty Latin America Ltd. issued a press release announcing the final results of its previously announced rights offering, which expired in accordance with its terms at 5:00 p.m., New York City time, on September 25, 2020. The press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference into this Item 7.01.
This Current Report on Form 8-K and the press release attached hereto as Exhibit 99.1 are being furnished to the Securities and Exchange Commission under Item 7.01 of Form 8-K in satisfaction of the public disclosure requirements of Regulation FD and shall not be deemed “filed” for any purpose.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
| Exhibit No. | Exhibit Name | ||||
| 99.1 | |||||
| 101.SCH | XBRL Inline Taxonomy Extension Schema Document. | ||||
| 101.CAL | XBRL Inline Taxonomy Extension Calculation Linkbase Document. | ||||
| 101.DEF | XBRL Inline Taxonomy Extension Definition Linkbase. | ||||
| 101.LAB | XBRL Inline Taxonomy Extension Label Linkbase Document. | ||||
| 101.PRE | XBRL Inline Taxonomy Extension Presentation Linkbase Document. | ||||
| 104 | Cover Page Interactive Data File.* (formatted as Inline XBRL and contained in Exhibit 101) | ||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LIBERTY LATIN AMERICA LTD. | |||||||||||
| By: | /s/ MICHAEL D. OLIVER | ||||||||||
| Michael D. Oliver | |||||||||||
| Vice President, Global Financial Reporting | |||||||||||
Date: October 1, 2020
, 2019
Exhibit 99.1
LIBERTY LATIN AMERICA LTD. ANNOUNCES FINAL RESULTS OF RIGHTS OFFERING
Denver, Colorado – October 1, 2020: Liberty Latin America Ltd. (“Liberty Latin America”) (Nasdaq: LILA and LILAK, OTC Link: LILAB) announced today the final results of its rights offering, which was fully subscribed and expired in accordance with its terms at 5:00 p.m., New York City time, on September 25, 2020. In the rights offering, Liberty Latin America received validly exercised basic subscription requests amounting to approximately 96.7% of the 49,049,073 Class C common shares to be issued in the rights offering (which was the aggregate number of Class C common shares available for subscription in the rights offering, inclusive of the additional Class C common shares available for subscription as a result of rounding fractional rights up to the nearest whole right). As a result of the high level of basic subscription, only 1,635,761 Class C common shares were available to fill validly exercised oversubscription requests. The remaining Class C common shares available for issuance pursuant to validly exercised oversubscription requests will be allocated pro rata based on the number of rights underlying such rightsholders’ basic subscription privilege. There is no single proration factor for this allocation due to the process by which the subscription agent allocates the remaining Class C common shares, which involves multiple rounds of proration among the validly oversubscribing rightsholders. Liberty Latin America expects to receive gross proceeds from the rights offering of approximately $350 million, before expenses. The net proceeds from the rights offering will be used to finance acquisitions, including Liberty Latin America’s recently announced Telefonica-Costa Rica Acquisition, and for general corporate purposes.
Liberty Latin America expects the subscription agent to distribute the Class C common shares purchased in the rights offering on or about October 2, 2020. Liberty Latin America expects the subscription agent to distribute refunds for unfulfilled oversubscriptions of DTC participants on or about October 2, 2020 and to mail refund checks for unfulfilled oversubscriptions of registered holders on or about October 6, 2020. Any beneficial owner that exercised rights through a broker, dealer or nominee should contact such broker, dealer or nominee regarding when such beneficial owner should expect to receive their Class C common shares or refunds for unfulfilled oversubscriptions. It is expected that checks for the proceeds from the sale of rights by the subscription agent will be distributed beginning on October 6, 2020.
FORWARD-LOOKING STATEMENTS
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about the rights offering, including expectations regarding the timing of Liberty Latin America’s receipt of the proceeds from the rights offering, the distribution of the Class C common shares and the distribution of refunds for unfulfilled oversubscriptions, and other matters that are not historical facts. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These forward-looking statements speak only as of the date of this press release, and Liberty Latin America expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Liberty Latin America’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of Liberty Latin America, including the most recent Forms 10-K and 10-Q, for additional information about Liberty Latin America and about the risks and uncertainties related to Liberty Latin America’s business which may affect the statements made in this press release.
Investor Relations: Media Relations:
Kunal Patel ir@lla.com Claudia Restrepo llacommunications@lla.com